Investing.com - U.K. public sector net borrowing rose in line with expectations in June, official data showed on Tuesday.
The Office for National Statistics reports that U.K. public sector borrowing, the difference between spending and income, was £8.58 billion last month, up from £8.35 billion in May. Analysts had expected the U.K. public sector net borrowing to total £8.6 billion in June.
GBP/USD was trading at 1.5583 from around 1.5581 ahead of the announcement, while EUR/GBP was at 0.6964 from 0.6965 earlier.
Meanwhile, European stock markets were modestly lower. London’s FTSE 100 shed 0.15%, the EURO STOXX 50 inched down 0.15%, France’s CAC 40 dipped 0.1%, while Germany's DAX declined 0.1%.